2012-11-12
2012-11-20
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of that had no real basis in technology or economics. on the other hand, i guess my standard is not as high in the sense that when either a judge or regulatory commission makes a pro competitive decision, that is good news because that is better than what they normally do. so i believe the best pitcher was an important -- i believe divestiture was an important event, one of many because the american telecommunications system, to have its best performance in the world and the reason it is competitive. >> paul? >> professor noll, you mentioned there were some errors that judge greene made. what were some of those errors? >> the premise, judge greene believe something that at&t argued prior to their change of heart to go along with the the best pitcher, which was the weak sister of the old bell system was the local operating committees. so when the divestiture, it was silly at this time to go into the details because most are irrelevant today, but what he did, whenever there was a close call, the divestiture decision was something in favor of the local operating companies and against the inter

america are movies, tv, science, technology. they're not keen on democracy as america preaches it. heading into another four years of the obama administration, where are we, and why are we here, and how do we get somewhere else? what went wrong, what is going right, and what to do about it going forward? >> first of all, i do not think that favorability ratings and the pew surveys of evidence of whether we're doing something wrong or right. i think it is a huge mistake for anybody who practices public diplomacy to think that his or her job is to win a popularity contest. well i guess maybe some of us who were in the bush administration can take a certain pleasure in effect in 2008, the favorability ratings for the united states were higher in four out of the five surveyed arab countries -- i am not even going to bring that up. [laughter] and it is a big mistake. in my view, and what i tried to do during my short tenure as undersecretary, is try to focus attention on what public diplomacy can do to achieve specific ends that are part of their goals in foreign policy and national security po

is technology. generally technology isn't a heavily regulated industry any way. and they don't really pay a high dividend. >> the question is will we see a end of year zell selloff as toward try to lock in profits when tax rates are lower verse us next year when they go up. but how high will they go up on the dividend payers? >> right now, president obama's propose al would have dividends taxed at ordinary income. that is substantially higher tax rate than the 15% tax rate that toward are enjoying right now. either way, we think that dividend yields will ultimately get dinged. as you mentioned, they have gotten hit. they were down something like 3% and the week ending just before the election. even in anticipation of that. it's hard to know. remember, a lot of dividend stocks are held in tax-exempt accounts, 401(k)s, pensions, endowments, foundations. we are dealing with a subset here. my sense is we will not sie a pull back because a lot of dividends aren't taxed to the extent you would think. >> good to have you on the program. thank you so much. >> thank you, maria. >> up next on the "wall st

to manhattan, kansas. >> may know more about technology than a tomcat's knows about baking gingerbread. >> welcome to our viewers. israel killed the military commander of hamas and launched a series of attacks. hamas vowed in this would open the gates to hell. military action will continue. >> for the people of gaza, it looked like a war, and as in most wars, civilians are caught up in the violence. the first target today was the biggest hamas's most senior military leader was typify and -- hit by a military strike. he died instantly. hamas says this is a major provocation. good >> they will pay a price for this, because he was one of our most exceptional leaders. >> she sat at the top of the military wing. tonight israel published these images. the army released video footage of him being tracked and the moment when his car was hit. israel said the strike followed a wave of rocket attacks from gaza. >> i can just elaborate the target was to protect israeli civilians. they have been under constant rocket attacks for the last year. >> gaza is expected to face more casualties, among them

policy, whether government should support business ventures in new technologies that are unable to secure private funding. government appears to be worse at this than private markets from the records we have over the past five years. in contrast in a speech in california in may, mitt romney said, quote, the president doesn't understand when you invest like that in one solar energy company it makes it harder for solar technology generally because the other entrepreneurs in the solar field suddenly lost their opportunity to get capital. who wants to put money into a solar company when the government put half a billion dollars into one of its choice. excellent question. i wrote this book because we are not just spending half a billion dollars. we are spending $12 billion a year to make electricity more expensive rather than cheaper. that is $6 billion in tax breaks and $6 billion in direct expenditures. the green jobs that makes no sense and has low-income americans, we brainwash our children to think that green is good and fink uncritically about green products and green jobs and yet we can

as advances in military and defense technology. from last week, this runs just over an hour. >> ladies and gentlemen, welcome. my name is gideon and i'm the editor of foreign affairs and it is a wonderful privilege and honor and pleasure to be here again at the halifax from. foreign affairs is in the business of serious discussions by knowledgeable people with important issues, free and frank exchanges on the most important questions out there and that's actually the same business that halifax is and so we are delighted to be the media sponsor, and it is going to be fantastic weekend. let me just cut right to the chase. we have a fantastic panel, and more importantly, a great topic and a wonderful group with all of you as well and so let's get right to it. our panelists here, david singer of "the new york times," the former undersecretary deputy secretary of state for global affairs now a fellow at the center at harvard. the head of telefax holders distinguished sibling, the munich security conference where they have a great group. the point of the session is to do some big thinking on

advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. so i brought it to mike at meineke. we gave her car a free road handling chec

to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> now for our "what in the world" segment. if history is any guide, second terms are often disrupted by a foreign policy crisis. it's easy to see how that might happen over the next four years with iran or syria, but there's a distinct possibility that the next big foreign policy crisis will take place somewhere else. perhaps thousands of miles away in asian waters over five islands and three barren rocks, all uninhabited except for a few goats. for months now, chinese and

technology and ultimately our military power and potential for growth and we are settling into over the pale, everybody in silicon view is angling for green subsidies and it is a tragedy. lou: that tragedy compounded by the fact the money that has been spent by this administration if you will on venture money like solyndra has been disastrous. >> they are twisting our venture capitalist, turning people like john doerr into a blithering idiot. john seeking government subsidies. he now wants us to support him rather than him to support the country with wonderful new companies like intel. lou: john is being adaptive to new realities. the primary source of the capital, he is turning to it, i suppose. i want to turn to this book, "the israel test." you take up the issue of the world civilization, importance of israel within it. as a capitalist as well as jewish state. you really believe that israel is that strong, that important in the world's future? >> i certainly do. the american economy is heavily dependent on israel today, partly because of the debauchery of silicon valley, but now israel is

in second place to those countries in the new technology industries of the future and i think that plays an important role. you know the obama vision was one where they thought better suited the country. and there is no question on social issues. whether it is women's health care, immigration, gay rights. there are a set of issues particularly for younger voters so, people vote very, very carefully. the economy was a dominant issue. i think that is why ultimately some people chose the president to continue the journey we are on. now quickly in terms of democracy, you know we don't know this for sure, but we could be seeing very different elections. that of that in 2010, 14, maybe 18 will be quite a bit different. the comments i made two years ago were predicated on what we thought would happen in a presidential year. the latino turnout was surging. president winning more of the latino votes but even winning the cuban votes. you saw young votes exceeding the turnout from four years ago surprising most analysts. you saw african american turnout. you saw the excitement of the first african

'll drill down to get some answers. >>> and then the man who many in the technology world call the next steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama this week. ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way

by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> paul: the electric car industry, steve? (laughter) >> no, not that one. oil and gas and the thing that's so amazing, the president is doing almost everything he can to try to hold this back with regulations and with not allowi allowing permitting most of the oil and gas development is going out on private land and where the president has to get with the program because we could literally create millions more jobs if we get this story right. >> paul: jim, the consequences here economically are big for downstream production, things like manufacturing. >> right. >> that had left the, i talked to one ceo, dow chemical, who had planned years ago never to build another plant in the united states and now making a 4 billion dollar bet on manufacturing and chemical production in the the united states. that's extraordinary. you're seeing that

be driving too close to another car. >> oh, my gosh! >> new technology that could save lives on the road. >>> good morning to you. i'm carol costello. thank you so much for joining us this morning. more new details on jill kelley, the tampa socialite linked to a respected marine corps general and widening sex scandal. each day it seems more and more loik a bad reality tv show. we've seen kelley march in front of the cameras in a different brightly colored dress each day. now there are report that is her bay front mansion is -- she's having trouble. it could go into foreclosure. we also have learned that she and her surgeon husband are awashed in debt and now faces foreclosures and lawsuits. that's far different than appearances. consider jill kelley's license plate. cnn confirms she's an honorary consul of south korea. at least for the time being sheechlt raise d some eyebrows and a few chuckles when she tried to invoke some kind of imaginary diplomatic powers in this 911 call to police. she was complaining about the media outside her home. >> you know, i don't know if by any chance -- i

for systems for r an d. science and technology. the benchmark needed in western pacific. there's a whole pan plea of means which we will rebalance. ships are important they are good measure. there's more as we look forward the future and we meet the requirements of our defense strategic guidance in the regard. so having laid that out, i commend that to you as our future and how we see things today as we prepare our budget for fiscal year 14. it's to support the theafort i mentioned to you. i think we're on track and prepared to meet our national security commitment to the regard and the defense strategic guidance. thank you very much. i look forward to your questions. [applause] your article in foreign policy speaks to balancing the force. how do international navies play in to your stag -- strategy? >> the international navy play in to the descrat gi by mission. i think and by alliances that we've had. let me speak to the alliance. i just spoke to the western pacific, the japanese maritime self-defense force plays a we cooperate with them to share what we call long range track mission there

would say the sector most insulated from increased regulation in the dividends would be technology. generally technology isn't a very heavily regulated industry anyway. and they don't really pay a very high dividend. >> the question is, are we going to continue to see an end of year selloff as investors try to lock in profits when tax rates are lower versus next year when they, of course, will go up. but how high will they go up on the dividend-payers. >> sure. you're right. right now, you know, president obama's proposal would be to have dividends taxed at ordinary income. that would be substantially higher tax rate than the 15% tax rate that investors are enjoying right now. and, you know, either way, we do think that dividend yields will ultimately get dinged. as you mention, they have gotten hit, they were down something like 3% in the weekended right before the election. so even in anticipation of that. you know, it's hard to know. i mean, remember, a lot of dividends stocks are held in tax-exempt accounts anyway. 401(k)s, endowments, pensions. so we're dealing with a subset h

much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number settingnd allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set plus special financing on selected beds but hurry sale ends sunday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. john: look at the depressing turner to it shows what happens to employment hiring recovered after two years. recovered

. down 60 points on the dow industrial average. nasdaq composite, weaker by 20 points. technology one of the laggards here today at 2883. the s&p 500 tonight gave up five points at 1374. we are moments away from quarterly earn from cisco. the company is expected to report a profit for the first quarter of 46 cents a share and revenue of $11.77 billion. let's get to today's market action as we await the numbers. good to see everybody. thanks for joining us. carol, what are you expecting in 2013 under president obama's policies? >> i'm not expecting anything very good, maria. i think that we're going to end up with some sort of a slow down. i think whatever the compromise that ends up being made under this grand bargain, it's going to be something that ends up hurting unemployment. that being said, i think there's always a tale of two markets. from a broader market standpoint, i expect the market to be hurting. there's always opportunities to be had. >> steve, you have some breaking news earlier. you reported on janet yellen. tell us what that says about where we're headed in terms of e

the latest clean air technology. the new technology has to be installed when major changes are made. >>> it's been a successful opening of the paragon outlet maul in livermore. several merchants report sales records and they are trying to ease traffic problems around the mall. >>> the release of a hot new video game has people dropping everything to get ahold of it. this is a game stop store on market street right here in san francisco. the game is called call of duty black ops 2 and it went on sale at midnight and now a lot of people could be calling in sick to play the game all night and into the day. gamers say it is worth the wait. >> i hope it's like better for kill streets and all that and i just like it, you get to be some people and everything. >> the game revolves around a r war zone of advanced military technologies, weapon are you and drones. -- weaponry, and they can strategize with gamers around the world. >> the graphics are pretty amazing. >>> time is 6:40. it is the hottest trend in technology, brian cooley seen right over there with what tablet computer is right for you, co

technology company. certainly when you think about silicon valley and companies that have hit hard times. very view come through it and re-emerge. apple is one that we can all remember having done that. ibm. although not a silicon valley company but technology company. most recently perhaps ebay in a significant decline but i spoke to john at length on friday and it appears they have brought around their marketplace business in addition to continue strong growth at the paypal unit. it's difficult to do. when you come back to yahoo! you have to wonder how do they do it? >> is there an act two? cisco tonight almost every analyst on the street said they're going to miss. >> universal in both miss and then the guidance is going to be negative. david, when you spoke with stevenson, didn't you get the sense that the companies are done spending on anything other than amd on towers? >> they got to spend. you know, stevenson was very outspoken in saying fiscal cliff. we're not spending but we are. we're deciding to spend $14 billion over the next three years. they absolutely have to in order to c

detecting technology that relies on these little guys. the mice are placed in a scanner and react to different odors blown their way. company officials say the mice flee from potentially dangerous skrents and this technology -- >>> some of the titanic's most valuable treasurers are seeing the light of day. for the very first time most of the jewelry from the titanic will be on display with a three-city tour. the pieces include diamond, sapphire rings, broaches and a gold pocket watch. the exhibition is meant to show the public the wonder of deep sea exploration. >>> just in case you have an extra $500,000 to throw around, this is what you can buy. the new lamborghini roadster was unveiled in singapore, an area that of course has a high concentration of millionaires. boasting a $445,000 price tag and an equally impressive engine, the luxury model can go from zero to 60 in three seconds flat and reach top speeds of over 200 miles per hour. >> you know what that feels like? >> absolutely not. new york city i go about 25 miles per hour max. >> i have a friend with a '60 corvette. he p

it rather than replacing it means they will not have to stall the latest clean air technology. the new technology has to be stalled when major changes are made. itit says it will voluntarily reduce air pollution emission. >>> it is 6:when -- it is 4:39, do graphic labels really work. >>> and how the chp is cracking down on drowsy drivers this week. >>> and that's an understatement, the massive mess that created quite the headache for a florida family. it's all coming your way. before cold & flu season, help prevent with lysol disinfectant spray. and use the lysol no touch hand soap for 10 times more protection with each wash. this season, a good offense is the best defense. lysol. mission for health. introducing the new droid razr maxx hd by motorola. now more than ever droid does. the owner did not notice itn he rushed his son off to sc. but later he discovered a bg chunk of his front lawn was missing. and s . >>> this is in central florida. the owner later discovered a big chunk of his front lawn was gone and since then it has more than doubled in size. geologists in florida examined

and going after the militants. israel says it was tarring ago mastermind of rocket technology when it targeted the home of a militant. consequences of that according to the palestinians 11 civilians died including five women and four children. very difficult to ascertain precisely what is going down on the ground, but israel continuing to make plans for a possible ground incursion if diplomacy fails and the clock is ticking. >> gregg: david lee miller, thank you. >> heather: meantime, president obama reaffirming his commitment to israel saying that no country would tolerate missiles raining down from outside the borders. he made the comments during a news conference. listen. israel has every light to expect that it does not have missiles fired into its territory. if that can be accomplished without a ramping up of military activity in gaza, that is preferable. that is not just preferable for the people of gaza but it's also preferable for israelis because israeli troops are in gaza, they are much more at risk of incurring fatalities or being wounded. we're going to have to see what

's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during our semi-annual sleep sale, save $500 on our classic series special edition bed set and for 5 days only enjoy 36 month financing on selected beds but only through monday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. the. ♪ lou: general david patraeus shocked the country today, announcing his resigne

technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during our semi-annual sleep sale, save $500 on our classic series special edition bed set and for 5 days only enjoy 36 month financing on selected beds but only through monday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. tintroducing a revolutionary. it new mascara. clump crusher...crusher. 200% more volume. zero clumps. new clump crusher from easy

is in terrorist technology? >> we seem to be rubbing that way. but there are simple technolo technologies that we're way behind. so while we're inspecting people for their hair shampoo and other liquids and box cutters, once you're on the plane, it's just loaded with potential contraband. we know this from prisoners who invent and reinvent new weapons. the coca-cola can that the flight attendant brings around. it can be disassembled and made into a weapon. >> steve loves coca-cola. that's a real problem. >> don't fly with coke. >> another 16 years now. >> we could bring down a plane with a coca-cola can? >> yes. you can take down a plane with a coca-cola can. . >> you're going to freak steve out. >> that was fun while it lasted. >> we seem focused on detecting weapons and if we could maybe take a lesson from the israelis and focus more on what they call the human factor. the former director of security says technology is not a comprehensive tool. it can detect weapons. if you don't develop procedures that go beyond technology, you're doomed to lose at the end of the day. >> a lot of our capacitie

a major, new bold investment program, going into a new market, expanding a new technology, ect., you are worried about what the tax rate will be when that's generates cash in nine years. the best thing to do is create a lower rate, an expectation that there's not giant tax increases later. >> i agree with that. i think we should do in, but, a, you know we have the highest statutory right and no higher than average effective rates because we have the narrowest base of owl corporate income in the world. >> yeah. >> one of the reasons we have that system is because people like us argued for many years that the more efficient thing, the more, the better way to encourage investment was not to cut the corporate rate, but to have massively accelerated depreciation, expansion of investment, focusing on incentives rather than cutting the rate overall. i think the intuition is changing, but the way we're going it cut the rate is not by closing loopholes, but come out a painful expansions of the base like getting rid of accelerated depreciation and things which have a value so i think -- >> is

spending and government but not for a while. >> that was designed to technology on willingness to make tough cuts. >> as the cliff was crafted to be so distasteful officials would do anything to avoid it. >> you don't think they will cut military former military are cut entitlements? >> they assume it is so bad they would not to accept it but they are not even talking about cuts. talking $1 trillion over 10 years but not real cuts but baseline budgeting teeseven explained that. i hate when you talk that way because nobody understands that. if i cut it means i spend less but it would you do it means? >> we have already written into the next budget the automatic increase. if it is a $10 billion increase and cut it down at 9 billion that they cut it down we just now increased 9 billion instead of 10 billion. it is done a purpose so people get confused. that is the reason nothing happens. they got away with this horrible sides there was a lot of wealth of the country and they could get along. we will raise subsidies and one versus the other but now the treasury is there the country is bank

but not for a while. >> that was designed to technology on willingness to make tough cuts. >> as the cliff was crafted to be so distasteful officials would do anything to avoid it. >> you don't think they will cut military former military are cut entitlements? >> they assume it is so bad they would not to accept it but they are not even talking about cuts. talking $1 trillion over 10 years but not real cuts but baseline budgeting teeseven explained that. i hate when you talk that way because nobody understands that. if i cut it means i spend less but it would you do it means? >> we have already written into the next budget the automatic increase. if it is a $10 billion increase and cut it down at 9 billion that they cut it down we just now increased 9 billion instead of 10 billion. it is done a purpose so people get confused. that is the reason nothing happens. they got away with this horrible sides there was a lot of wealth of the country and they could get along. we will raise subsidies and one versus the other but now the treasury is there the country is bankrupt and will not admit it and that is w

of influential technology ceos i spoke to jack dorsey about his rapidly growing company square. he's trying to put your money where your mobile is. >> when i was 8 i had a business card that said jack dorsey consulta consultant. >> he hopes his mobile payment startup square will change the relationship you have with your wallet. >> money, as a concept, as been with us for 5,000 years and started with us trading seashells and touches every person on the planet. at one point in every person's life some person feels bad about it. it feels like a burden. how do we remove the burden and make it feel like something that gets them to an experience they want to have or a service or product they want to buy? >> talk to us about square and what it is enabling. >> less people are carrying cash. they are not carrying checks anymore. they are carrying plastic cards everywhere. square was a device you plugged in to your device, iphone, android and it would accept cards and the money would go to the bank account the next day. >> it is a great idea. because of that you have other companies nipping at your

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in the cyberworld. technology drives everything we do the world wide web has made us more interconnected than at any time in our human history. the vast majority of our emperor structure resides in private sector. let me repeat that. the vast majority of our infrastructure in the united states reside in the private sector. the national security risks and economic risks are still with the private sector. the government does not do it alone. they do it in concert with all of our partners. our partners of the private sector. for those, but the work of the government or private sector, you can contribute no matter where you are in whatever your professional desired is. this private sector holds a lot of data. these assets are pretty profound. their protection to the united states priorities is of national importance. the president declared recently, and i quote, here is a list of priorities, this is in the top five. the cyber threat is one of the most serious economic and national security challenges we face as a nation and america's economic prosperity in the 21st century will depend on cyber security.

that are either increasing dividends or looking to initiate dividends in this environment. technology companies will be less likely to initiate dividends in that environment where you had a higher dividend -- tax on dividend rates as opposed to capital gains. that's the scenario to watch out for. >> last word to you, quickly. >> yes. you know, the thing we have to remember is that interest rates are very low. investors right now are all about generating income. and i believe that our politicians recognize that. i believe the corporations recognize that. so you can't change your strategy just because we may be seeing a change in tax rates. >> all right. you might be giving a little too much credit to politicians, but -- >> maybe. >> -- i digress. thank you for joining us. >> in the final stretch. market just went negative. we've given up those gains and then some with the nasdaq under pressure. >> after many beaten down years, housing is red hot. we'll deconstruct whether this hal rally can continue. >>> president obama vowing to veto any fiscal cliff bill extending tax cuts for people making mo

? it happened because of the force of power of the information technology boom, the creation of private credit, and rapid increase in tax revenues. stephanie showed us something that was not a forecast at the time. those who were there in 2000 remember that the secretary of the treasury at the time and the chairman of the federal reserve were talking about a 13-year horizon for the complete elimination of the public debt. there was no forecast that the technology boom would come to an end, but it did. from 2000 onward, we were back into a more normal position of the government running substantial deficits as the private sector rebuild its financial position. that is the first point. long-term forecasts, the idea that one can control the future position of the debt and deficit by actions taken today, is an extremely tenuous and debatable idea. the second point is that there are certain assumptions being made which create extremely scary scenarios. those numbers that were shown -- in stephanie's presentation, the expectation that public debt would rise close to 200% of gdp by 2005. what is that

cain in ohio, and came within two points. the technology included the so-called system, which was the republican get out the vote technology to ensure we targeted people to get to the polls. that imploded. i'm told on election day, actually, so many hits from around the country as it should have saying, gee, this person voted, this person didn't, target calls, thought it was under attack, and closed down. for those of you here from, again, the technology field with the politics, we, republicans, want to talk to you. [laughter] we need help. the democrat system is calledded gordon, it was effective at microtargetting, and i heard a lot of antedotes, and you'll love somebody gets a call who is a democrat in law school, and it was gee, you know, we see that you have voted, this information is public available. we see you voted at two o'clock on election day, but your sister, at two lane, has not voted, could you call her? that's the level at which they were dealing, whereas, you know, we were flying blind at that point. part of it is technology, and part of a turnout that was imp

by technology stocks and also ship builders. in us a take i can't, commodity plays lent support to the asx 200. talks of a leverage buyout plan. sensex now trading louisa, back to you. >>> the spanish bad loans according to reuters, now at the 10.7% during the month of september versus 10.5% seen in august. so according to the bank of spain, we're seeing that figure just creeping up just by a tad. now, in the u.s., a slightly grimmer picture. major u.s. indices have fallen by 5% since the election day. this month already stacking up to be the worst november for the dow and the s&p 500, ninth worst november since 1973. so it's been pretty dismal trade if you're an equity holder. hi, charles. we talk about this and we're looking at a bounce in europe this morning. do we think the grimness will continue? >> i think the equity markets, they couldn't really believe bond the election until it was out of the way. you had clearly different scenarios fending on who won. having got that we were left with very much the same political structure that we had going into it. so you had to reprice in some tail

into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number settingnd allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set plus special financing on selected beds but hurry sale ends sunday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. >>. >>> this is something that could have had an effect on nat

technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ lou: president obama today meeting with some of the country's top business leaders. will a second term be more friendly to corporate america? carl's jr. and hardee's ceo giving us his perspective here in just a moment. in the moneyline tonight, president obama made it clear that the fiscal cliff could be avoided if he gets more taxpayer money. and investors choking on the president's words. investors reacting to that declaration by accelerating a sell-off in stocks as the president's talked. by the close the dollar plunged 185 points. s&p had lost 19, nasdaq down 37. in active trading, volume off to 4 billion shares today. of the past six trading sessions since the president won reelection. the dow has fallen 6705. it lo

. she has all these technological devices to help her stay healthy. >> it's sunny out. >> it is sunny out. since alea was born, i almost feel more responsible for making the world a better place. we all have the ability to make it better for ourselves and for our children. >> brought to you by roche, the maker of the new accu-chek nano blood glucose meter. >> cenk: back on the "young turks." here in america we are considering susan rice our ambassador for secretary of state. all the republicans are on the war path to make sure she does not get that. they are outraged by what she did with benghazi. >> he had this to say. >> what is clear is that this administration including the president himself has intentionally misinformed to the american people in the aftermath of this tragedy. now, president obama has the gal to name as possible secretary of state, the name of the person who is the actual vehicle used to misin form the american people during this crisis. >> cenk: really? you're concerned about somebody named rice misinforming people? how about condoleezza rice? i'm not sure susan

it for the wired generation. the digital generation. it used technology in the state to steer children back into the telos o you have-tell us hou have assigned this application? >> these mobile devices are so engaging. this is a great way to tell a story so in our ap this is all about books will launched thousands of titles. and videos! with videos levar burton so the there are islands in the sky, you are in the cockpit of a hot air balloon. >> that is so cool. chain if and austin. >> is it multi-lingual? >> it will be, assuming it is like a subscription model for a library card it is like searchable. they can down load that and they're back pack. you can keep five at a time. >> and like a landing. is a lending library a of the subscrn services at $10 per month we launched in the month of june and this was the end of the first quarter we're beginning to get the results of the athletics and the metrics. we have seen that it is working. 600,000 works. the entry-level its three years old can you imagine any other brick and mortar? in only five months. a bill of the various communities particip

't go all the way to the defensive end of the spectrum. we do like health care. we do like technology. we do like financial. so it's a little bit of a mix. but we're not out there telling any of our investors to be hero heroes. >> do you buy gold? >> i agree that the fed is probably going to keep the pedal to the metal. we may see an expiration that they add to qe3 or whatever you want to call it and maybe buy up those purchases. >> i hear both of you saying that. brian says buy gold. you know. thank you for that. now folks, walmart in the news tonight taking action against the retail workers union for generating flash mobs and picket lines at the stores. the national labor relations board is getting involved and calling this a top priority. we're going to get you updated but before that, now let's look closer at the optimism about a fiscal cliff deal. is it a real deal? all right. baker, i'll start with you. i'm not sure where you are. but, president obama has made it very clear. he wants 1.6 trillion dollars of new revenues over the next ten years. okay. i would argue in order to ge

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the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital be spent? i want to go back. i want to backtrack because i know you are so good at this. with you l the capital be -- so far it has been invested. is that fair? >> it has been invested on private lands, private property owners giving up mineral rights under state permits but something is about to change. that everybody needs to be mindful of. we are about to arrest all of this oil field development when the epa completes their long awaited three-year stud, started at 2010. and it is due in january. to essentially remand the states from taking the variable approach they take on fracking and hydraulic to put a consistent epa knows best policy in place. >> despite the fact we have known this regulation was coming but keep postponing and postponing it. what you are saying is they decided to postpone it after the election, number one and number two, the epa kn

, but that eventually changed, so did technology. and recently it's the digital footprint that have led to some spectacular falls. remember congressman anthony weiner? he tweeted a photo of his privates. when the story broke, he denied it, claiming his twitter account had been hacked. eventually, he fessed up and resigned. >> i apologize first and foremost to my wife and to my family. >> there was client number nine, aka elliott spitzer, when investigators followed his money, it revealed he thousands as a regular client of a call girl. he too stepped down. >> i've acted in a way that violates the obligations to my family and that violates my or any sense of right and wrong. >> and now comes general petraeus. done in by a simple click of the mouse. >> e-mail traffic is -- it's amazing that e-mail is still being used in such a careless and reckless fashion because it's just evidence against you. >> modern science can also play a role, remember president clinton and the dna discovered on a certain blue dress belonging to a white house intern. >> i did not have sexual relations with that woman. >>

'm wondering with all of this, is this all just technology. is this all stuff that has been happening for thousands of years and it's just because we have e-mail records -- >> i think it is. >> i mean, maybe this is not amazing at all. maybe it's just the electronic paper trail. >> should we still be forcing out top leaders like david petraeus for sexual shenanigans? >> we can just decide not to. that's the thing that's so odd about this. all the blackmail issue, he could be blackmailed by this, if we just said we won't punish people for this, all the blackmail threats go away. i just think that human beings really like sex. i think that's all that's really showing. >> rick, would you go along with that? >> well, well, you know, our european counterparts laugh at us when they see that we do this to ourselves. they say well, you're removing a four star general because he had an affair. we say yes and they say why. as long as it doesn't -- >> in france it would be almost compulsory. >> a lot of americans laugh, too. not just europeans. a lot of americans go we just need a few more ameri

rushed, particularly technology companies rushed to europe. you'll see in q-1 companies saying, look, we have maintained our european. don't worry about european. if they don't say it, i think we'll sell the stocks. >> worse before it gets better was on the conference call. >> industrial production misses this ridiculous fight between the eu and imf. bank of england cutting growth outlook for the u.k. >> gdp tomorrow. it will be terrible. alco alcoa being struck because they try to close a plant. the conversation will be at the beginning of the conference call and europe -- we're managing europe down to x. european we're going to close europe. ford motor gave you an example of what will happen. we won't let europe bring our company down. latin american, asia turn turne. we won't let europe ruin us. europe will be isolated. that's what happens if you decide to go off the grid like they're doing. their major issue is carbon tax. they keep talking about carbon tax. the european, the german power company talking about having too much solar power which is bringing down and able to make money

deloitte ranked it number one on their 2012 technology fast 500 list. not only that, the model has been named car of the year but automobile magazine, yahoo, and the coveted "motor trend." jim, i've test driven the model s, and as the "wall street journal" car guy says, it's a beautiful car that goes like the stink of hell. i couldn't agree more. do you still think it's too speculative? >> i was talking to my friend mike faber -- i mean david faber. mike faber's the guy from homeland. he said jimmy, have you checked out the tesla? my take is tesla didn't go down because romney lost but i need earnings. i've got enough problems with the companies that have big earnings, big dividends, i don't need to go into the speculative mode right now. please be careful. with the fiscal cliff looming the early bird is not catching the worm right now. it's just getting crushed. okay? the fiscal clifford, yes -- fiscal clifford, the big red ink dog is going to crush the early birds. it's too late to sell for most stocks already, though. well, let's say for a lot of them. and it's right to start legging

the holiday stress. fedex office. that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. heartburn symptoms causedelieve by acid reflux disease.etter one osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. >>> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> we should not

signature into the bar coding technology there and that at that point, it may or may not have deliberately chosen to include it. if it had done it at the time, it would not had the flaw and vulnerability we have and not got experts concerned that it could be exploited by terrorist. no word on how quick it plans to close the flaw. >> rick: thanks. >> arthel: as we mentioned earlier, in a few weeks from now, president obama will sit down with congressional leaders to hammer out a deal to avoid the fiscal cliff. looming tax hikes, and spending cuts that threaten to plunge the u.s. back into another recession, yet many traders on wall street say, well, they're not worried. kyle harrington is founder of harrington capital management. tell us why wall street is not concerned. >> i think, let's make no mistake about it. this is a search, an exercise in a search for a workable solution from both sides. i get the sense here in my research that wall street has analyzed this and said they think that there is going to be some level of a solution for the united states with respect to tax hikes and cuts

wounded and israel is also saying that it went off the master find of rocket technology, the palestinians say though, when they hit this home in particular, 11 civilians were killed, including five women and four children. and so, the israelis still have plenty of targets to go after and in addition to their military goals, the propaganda war begins. israel today, harris, took over a palestinian radio frequency and they delivered a message to the palestinian people telling them essentially, stay away from terrorist sites. stay away from hamas infrastructure, things might very well escalate if there's not a diplomatic solution, harris. >> trying to help the palestinian citizens stay out of harm's way, you know, david lee, it's difficult because hamas put weapons caches in places like schools and hospitals and it can be complicated hitting some targets. david lee miller, stay safe. thanks for your report tonight. right now, awaiting the return of an american astronaut from out of this world. he was on the brink of being back home after spending four months aboard the international space sta

, intelligent decision a technology contract to the government was the organizer and title sponsor. microtetch has an interesting effort promoting men's health. and let's not forget the government industry groups such as the bethesda chapter of afcea. there are far too many examples to mention here. so the next time you read a headline about some egregious act there are far more >> temperatures on the way down. >> but today. >> gorgeous. >> tomorrow will still stay mild but then makes tuesday feel like what's going on? all right. we have mainly clear skies right now and the skies are going to start to cloud out from west to east as they move through the morning hours. 54 degrees right now at reagan national airport. and our high today made it up to 71 degrees. 11 degrees above average for this date. our network right now after a high of 71, temperature right now 52 in arlington and our final stop takes us to george washington university downtown d.c. temperatures are in the middle 50s. winds out of the east just around 2-5 miles an hour. tempe

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